Takeaways
- Elon Musk asked if he should resign as CEO after backlash over a recent policy change which stated that other social networks cannot post on Twitter.
- People started calling for decentralized alternatives to current centralized social networking platforms immediately.
- The DeSo BlockchainA layer-1 custom-built for scaling decentralized social apps for millions of users, has recently reached 2 million accounts and 130,000 user accounts.
This is a good time to mention that data points point to Elon Musk’s Twitter redesign moving in the right direction. With Twitter usage hitting an all-time high, this comes at a moment when it seems like Twitter usage has hit an all-time high. all-time high.
Some wonder if there are other social networks that they could use to own their data and content.
Bankless bank founder Ryan Sean Adams tweeted, “Ohhh so Elon’s plan for internet free speech was to make us all migrate from Twitter to web3 social platforms that actually support free speech.”
Messari founder and CEO Ryan Selkis called Decentralized Social his “top investment theme for 2023.”
Web3 social networks are increasing in popularity, DeSoa layer-1 blockchain project that raised $200 million from Sequoia and Andreessen Horowitz as well as Coinbase Ventures.
According to social block Explorer, DeSo just crossed 2,000,000 accounts and 130,000 MAUs. OpenProsper.
DeSo’s most downloaded app is DiamondIt is a blockchain-based, censorship resistant alternative to Twitter. It allows people to maximize their revenue by using a wider variety of money-native options.
The majority of people did not believe in a blockchain-based cryptocurrency veTwitter’s rsion was possible because of its limited storage capacity and the high cost of transactions.
“Existing blockchains can’t store content efficiently,” says Nader Al-NajiDeSo founder,. “It costs around $50 to store a 200 character tweet on DeSo. Ethereum It costs about fifteen cents to store it in Solana, Avalanche or Polygon. DeSo is a ten-thousandths of a dollar, which makes it the first blockchain that can disrupt storage-heavy applications such as social, blogging, or marketplaces,” he states.
Diamond is a great choice for founders, builders and creators as well as casual social media users. You can also blog with it, as well as several money-native functions.You can use es creators to grow, scale, and monetize your audience.
DeSo users have the opportunity to earn more and claim their profile, which is decentralized and censorship-resistant. deso.com.
Get in touch
Ash Ghaemi
DeSo Foundation
ash@deso.org
